In the heart of a season of gratitude and as we enter the homestretch of 2021, this much is crystal clear: We have quite a bit to be grateful for here in Arlington County.
Specifically, as it pertains to real estate, we continue to live in one of the most stable housing markets in the United States.
As many other housing markets continue their comebacks – some still recovering from the Great Recession – our market remains steady, strong and trending in a positive direction.
Here are three time-tested factors we have going for us that make Arlington County a wonderful place to own and manage property:
1) Low area unemployment rates. As of September 2021, Virginia’s unemployment rates stood at 3.8 percent. In Arlington County, the figure was only 2.2 percent. As a steady and reliable income can be a vital qualifier for renting property, low unemployment rates equate to that much more peace of mind for landlords and property managers.
2) High salaries. According to the U.S. Bureau of Labor Statistics’ latest 2021 report, the average weekly wage of Arlingtonians is $2,077. This is the second highest wage of any county in Virginia, solely behind Goochland. In addition to low unemployment rates, comparatively high salaries are one more plus for landlords and tenants alike.
3) Proximity to DC. Our nation’s capital is not going anywhere. Loaded with museums, and cultural attractions, DC is just a stone’s throw away in addition to all that you’ll find within our county. The abundance of government-related jobs is a plus for any landlord, with a constant stream of folks moving to our area and needing housing for work.
To kick your property management efforts into high gear, give Arlington Realty Property Management a buzz today at 703-836-2525 or email mypropertymgr@gmail.com.
